Wrinkled Crust Fungus
Wrinkled crust fungus, Phlebia radiata, a rather pale and presumably older growth than those shown here and here.
[Note added 2011-12-02: I now think this is probably Radulomyces molaris.]
Photo taken in the Wilderness, Whiteknights Park, Reading University grounds, Reading, UK, on 2011-02-18.