Has lost directions to trophy (5)
I believe the answer is:
ashes
'trophy' is the definition.
(I've seen this before)
'has lost directions' is the wordplay.
'lost' is an anagram indicator.
'directions' becomes 'es' (east and south - two directions).
'has' anagrammed gives 'ash'.
'ash'+'es'='ASHES'
'to' acts as a link.
(Other definitions for ashes that I've seen before include "''... to ..., dust to dust'' (burial service)" , "Eng./Aus. cricket trophy" , "Embers" , "Remnants of a fire" , "Remains of anything burnt" .)