Group of misguided folk going round a local centre (5)
I believe the answer is:
flock
'group' is the definition.
The answer is an example.
'of misguided folk going round a local centre' is the wordplay.
'of misguided' indicates anagramming the letters (I've seen 'misguided' mean this (I've seen this in other clues)).
'going round' means one lot of letters goes inside another (some letters go around others).
'centre' indicates the central letters.
The middle letter of 'local' is 'c'.
'folk' with letters rearranged gives 'flok'.
'flok' going around 'c' is 'FLOCK'.
(Other definitions for flock that I've seen before include "Bevy" , "A number of sheep" , "Group of sheep or birds" , "Congregation" , "A company of sheep" .)