The wee, wee eggs!
Actually, they’re fruiting bodies. It’s from the Nidulariaceae family, if you’re into the Latin. Wikipedia says, The nests are “splash-cups”. When a raindrop hits one at the right angle, the walls are shaped such that the eggs are expelled to about 1 m away from the cup in some species.
This is growing on our back gate. I’m not sure it’s a good sign for the overall health of our gate.