The ToyNews Fives will take place on Friday July 10th at the Power League site in Barnet, north London.
It is expected that around 24 teams will compete, with £100 of every registration going straight to the Toy Trust.
"In the difficult times we are currently experiencing, I continue to be overwhelmed by the fact that people are still thinking of others less fortunate than ourselves," said Rob Mann, chairman of the Toy Trust Committee.
"When ToyNews announced that they were to introduce the five-a-side football tournament I though this was a great idea to bring companies together in a social environment.
"Their idea to extend the social element into a fund-raising event for the Toy Trust was unexpected and a fantastic gesture which I was happy to accept.
"We now have a fun event and many disadvantaged children will benefit whilst we are playing. Thank you ToyNews for a great initiative."
The new ToyNews Fives fills a gap in the industry calendar, following the collapse of Woolworths - which used to run a very popular tournament each year.
"We have put a new tournament together that will raise money for the Toy Trust, but is also cheaper to enter. It cost £650 to put a squad into the Woolies event, but the ToyNews Fives is only £575 - with £100 of that going straight to charity," said ToyNews publisher Stuart Dinsey
"We think it will be a great day, something to look forward to in the summer. And may the best team win."
Full promotion of the event will begin in the New Year, but anyone wanting more information should contact 020 7700 1888. Or go to www.topcorner.co.uk/toynewsfives