If you are using Excel 2013 I have just discovered that Microsoft have messed up the drawing function (again) by reverting to the conventions they used in 2003, so the link below might work better for the graphics:
Forget that bit, I must have been using an old version.
The attached spreadsheet allows groups of shapes to be combined, which allows the centroid calculation to be done automatically:
1. Calculate the angle from the arc centres to the top of the common chord for the two circles (Theta).
2. On the DefShapes sheet of the attached spreadsheet select Circular Segment and enter the R and Theta for the smaller circle.
3. Scroll down and in the Group properties table enter the X offset for the smaller circle, and set Elastic Modulus to 1. All other columns are zero, and the other rows should be blank. Click the Create New Group Button.
4. Go back to the main table and enter the R and Theta for the larger circle.
5. In the Group properties table set the offset to zero and Elastic Modulus to -1 and click the Add shapes to group button.
6. The Group properties results updates, showing the same centroid value (Xc) as calculated by the other spreadsheet.
7. The resulting shape can be plotted on the Coords_Group sheet. The group properties calculated on that sheet are not exact because they are based on curves made up of short straight lines (but it's pretty close).
Doug Jenkins
Interactive Design Services