Those rust-coloured scales all over the tawny cap and stem make it easy to identify as Shaggy Pholiota, Pholiota squarrosa. This fungus normally occurs at the base of broadleaved trees so it's unusual to find it here by a conifer.
I've looked it up in four different books and it is variously described as 'inedible', 'not edible' and 'edible but poor' - so it's best avoided then - and rated as 'occasional', 'infrequent' and 'very common'. Whatever, I'm glad to have it growing it in the garden. It's not described as a potential danger to living trees like honey fungus.
It has what I'd describe as a 'mushroom' smell.