What does the cryptic crossword clue "Award for pub in old city (6)" mean?

The definition is "Award". The wordplay uses a charade (building blocks). PH (synonym of "pub") + TROY (synonym of "old city"); definition: "Award" The answer is TROPHY.

Award for pub in old city (6)

Guardian Cryptic #28929 | 18 Across | 2022-12-01 flower

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