Minor divinity reported near a pond at last (5)
I believe the answer is:
naiad
'minor divinity' is the definition.
'naiad' can be an answer for 'divinity' (naiad is a kind of divinity). I am not sure about the 'minor' bit.
'reported near a pond at last' is the wordplay.
'reported near' becomes 'naia' (I can't explain this - if you can you should believe this answer much more).
'at last' indicates one should take the final letters.
The final letter of 'pond' is 'd'.
'naia'+'d'='NAIAD'
Can you help me to learn more?
(Other definitions for naiad that I've seen before include "Nymph of lakes, springs and rivers" , "spirit in water" , "River nymph" , "Aquatic larva of a dragonfly" , "Greek mythological water nymph" .)