It is the closing panel, 14A6611 or 14A6612 depending on which side (see Somerford web site). Yours has been well and truly bodged. The quarter circle piece which is supposed to be welded to the flanged edge of the rear quarter panel is entirely missing, and to fill the gap it has been welded across the back of the quarter panel instead.
Under the outer sill should be a crossmember extension with jacking point, a front slinging bracket (same either side) and a rear slinging bracket (different). See
http://www.theminifo...ct/page__st__30 for how to do sill repairs properly and make those bits. Scott is doing a brilliant job of all his structural bits, as well as some seriously impressive fabrication of bits that show.
Some people seem to be leaving them out, but they can actually add strength and stiffness. They are welded to the inner sill, and ideally plug welded in about 4 places through the outer sill.